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54 Cards in this Set

  • Front
  • Back
Hisotrical Information
1. Historical information is the best input for the initiation phase
Operations
2. Operations: are ongoing and repetitive
Operation Example
3. Getting coffee from Wife is a Project, Getting Coffee from Vending Machine is OPERATION (There are no surprises!..Thanks ARI)
RBS
4. The Resource Breakdown Structure shows various resources, both human and mechanical needed for project.
Acuqisition
5. Acquisition: When the performing organization lacks the in house staff needed to complete the project, the required services can be acquired from outside sources.
Conflict
6. Let the people involved in the conflict work it out first
Project Records
7. The best use of "collect project records" is to recall what happened on the project, good or bad.
Planning
8. Planning phase is LEAST Risky
CMS
9. Control Management System tracks the changes(not configuration management)
TMPP
10. Templates and forms which are available in the organization are reusable components. Any resource that can be reused as a useful tool is part of the total methodology of project planning
Comparing Proposals done in which Process ?
11. Comparing proposals received from sellers done in the Conduct Procurements.
Making Payment is done in which Process to Seller?
12. Make payment to seller is done in the Administer Procurements
What is Engineering
13. Engineering is primarily responsible for creating design and test specifications.
Control Charts ?
14. Control charts are graphic display of the results over a time of a process. They are used to determine if the process is "in control".
PC ?
15. Pareto chart: Focus on critical issues to improve quality
Fishbone / Ishikawa ?
16. Fishbone diagram/Ishikawa: Determines how various factors linked to potential problems or effects, root cause
CC?
17. Control chart: Determines whether or not process is stable and within set limits .
HG?
18. Histogram: ordered by frequency of occurrence, that shows how many results were generated by type or category of identified cause.
Planning Meetings are used in which Process?
19. Planning meetings are used to create the Risk Management plan.
EAD Process ?
20. Approximating number of work periods required to complete individual activities with estimated resources is done in Estimate Activity Duration process. Activity List ,Activity resource requirements and Resource Calendars are inputs of Estimate Activity Duration process. PMBOK Page no 177
MCA
21. Monte Carlo Analysis: A schedule risk assessment technique that performs a project simulation many times in order to calculate a distribution of likely results
Quality Policy who ?
22. If the performing organization lacks the formal quality policy, or if project involves multiple performing organizations, The project management team, will develop the quality policy for each project.
Immediate Work ?
23. For an immediate work, a letter contract may be sufficient
PM ?
24. Performance Measures are done in contract Administration
What is done in Contract Closure?
25. Product Verification, Procurement Audit and creation of a contract file are done in CONTRACT CLOSURE
Last Step in Administrative Closure ?
26. Last step in Administrative closure is Release resources or Measure customer certification at the end of the project by capturing customer feedback, in order to assist in project evaluation and enhance customer relationships.
Employee Records ?
27. Employee records should be updated by PM when he completes the tasks assigned to him
What is the foundataion of Team Development ?
28. Individual development is the Foundation of Team development
T&M ?
29. T&M – has the characteristics of both Fixed and Cost reimbursement
TT of Contract Closeout Process ?
30. Procurement Audit, Negotiated settlements and record management system are tool and Techniques of contract closeout process
PA ?
31. Procurement Audit, is used to identify successes to transfer the success to other procurements
Symbols ?
32. Symbols are always used in the communications
Indpt Estimate ?
33. Independent estimates are prepared to compare  the cost  to an estimate created with
CMP defines ?
34. Communication Management plan defines the  contents of the performance reports
Team Development in Weak ?
35. Team development with WEAK Matrix is very difficult
Product of Project created in which Group ?
36. Product of the Project is Actually created in EXECUTION Phase /Group
Change appoved by ?
37. Any change in the Project Charter needs to be approved by sponsor or person who has authorized the charter
Referrent Power ?
38. REFERRENT power= PM’s PERSONALITY POWER
WAS ?
39. Work Authorization system Ensures that work is done at RIGH T TIME and in proper sequence
Solicitation ?
40. Solicitation is the process of obtaining quotations , bids , offer,
Sunk Costs ?
41. The cost expanded at the  completion  of phase is known as SUNK costs
Issue in Matrix Structure ?
42. Conflicting priorities in resource assignments – is an issue in the Matrix structure
MCA provies ?
43. Monte carlo simulation provides PROBABILITY OF ANY TASK BEING AT THE CRITICAL PATH
SV dhould be done ?
44. Scope verification should be done – WHEN A PROJECT IS TERMINATED to determine the extent of the completion
Jurans Quality Triology ?
45. Jurans Quality Triology = Quality PLANNING Quality IMPROVEMENT Quality CONTROL
UCL ?
46. UCL : Upper control limit : Is derived from Random variation
UTL ?
47. UTL : Upper tolerance limit is the higher of two tolerance limits
EAC = ? Original Estimates flawed
48. When original estimates are flawed  then EAC = AC + ETC
FM power in Functional ?
49. Functional – FM has more power
PM Power in Projectized ?
50. Projectized – PM has more power
In Balanced who has power ?
51. Balanced – PM and FM has equal power
In Weak who has power ?
52. WEAK – FM has more power
In Strong who has power ?
53. Strong – MATRIX – PM has more power
Procurement SOW ?
54. The procurement SOW might be prepared by either the buyer or the seller. Buyer might prepare the SOW and give it to the seller, who in turn rewrite it so that they can price the work properly. If the buyer does not know how to prepare a SOW or the seller would be better at creating the SOW because of their expertise about the product or service, the seller might prepare it and then give the buyer to review.